Josh Kopelman First Round Capital

Josh Kopelman Partner First Round Capital and former entrepreneur

“As soon as you hit print on the business plan, things change. Competitors emerge. Technologies shift. Regulatory changes [affect] your marketplace. Key employees quit. Macro-economic factors impact customer spending. Shit happens. I'd much rather invest in a founding team that shows an ability to adapt to change than one that claims to accurately predict the future. I believe that teams that are nimble, market-focused, and are willing to rapidly test/iterate/shift their plans are more apt to perceive the signals that the music may be stopping.” Josh Kopelman When the music stops... March 10, 2006; http://redeye.firstround.com/2006/03/as_a_little_kid.html